My boss is a huge proponent of the 24 Hour Rule. He has drilled into my head that there are not all that many decisions that have to be made instantly. While he was talking about workplace decisions, Lou Carlozo at the Chicago Tribune wrote about the 24 Hour Rule as it relates to spending money:
"Here’s how it works: When mulling any purchase over a certain amount, say $50, put it off for at least a day. Then ask yourself: Do I need this? Or do I want this? Can I possibly live without it for a while? Can I drop it? Can I search for a thriftier alternative?"
I love this. But I wonder. Does $50 mean $50 on one thing? With sales the way they are, I could go to Carson's and find a $20 shirt...and then another...and then another...
Right. As if I ever found three shirts that I liked in the same day.
Anyway - good advice here.
About Me
- Anne
- I am an HR professional, perennial student, and volunteer. I read all sorts of articles on personal finance and also the travel section and plenty of books and I will tell you all about them. I still believe "if you want to get something done, you ask the busiest person". I live in Glenview, IL.
Crowdrise is about online fundraising, event fundraising, volunteering and having the most fun in the world while doing it. Crowdrise is way more fun than anything else aside from being all nervous about trying to kiss a girl for the first time and her not saying something like 'you've got to be kidding me.'
You can find my profile here.
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What I'm Reading Now
With Their Backs to the World: Portraits from Serbia, by Asne Seierstad
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